Indonesia's palm oil fund urges govt to rethink biodiesel funding plan

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Indonesia's palm oil fund urges govt to rethink biodiesel funding plan - Channel News Asia

Quick Summary:

JAKARTA : Indonesia's palm oil fund agency urged the government to come up with a new funding policy for its biodiesel programme as use of the palm oil fuel blend is expected to widen, the fund's chief said on Thursday.

The agency is also charged with funding other palm oil programmes, such as replanting for smallholders.

"We are expecting that January will be a time of tightness in the market, so it may make sense for the government to allow the implementation to be delayed slightly," Mistry told Reuters on the conference sidelines.